U.S. Day Ahead: Rising PPI makes for an uncomfortable Fed

Mar. 14 - Reuters Correspondent Pedro Da Costa says a long-term jump in producer prices would likely be a call to arms for the Federal Reserve

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You're US stay ahead I'll find out how serious that that concerns are about it spiking energy prices. When PPI is released at 8:30 AM I as far as as the monthly headline numbers rise by half percent in February. Partly due to increasing fuel costs. Correspondent patriotic -- as long term jobs and prices would probably make this Central Bank act. Can't be exactly comforting for the Fed to see the PPI or the core PPI rather. Come in -- 3%. On year on year -- that's almost a full percentage point above the Fed's target. Still they would need to see several months of sustained gains before they shelling out we're concerned about inflation. Employment history at manufacturing data could give markets some direction in the morning. 830s he's the release of initial jobless claims in the empire state index. Had not it's the turn of net capital inflows all of by the Philly and exit ten. According to Reuters while the index -- -- modest growth rising to twelve in March. Especially need to have a dominate results. On the radar Ross Stores and would go before the open after it closed all reports that's the stand up for all the wrong reasons. Start mindset is that -- that he giant has a high chance of missing earnings estimate by Tuesday. Treasury Secretary Geithner couldn't talk up the tax code before the economic club of New York. At 7 PM he email elaborate on his recent remarks that the government could afford to extend breaks. For the middle class beyond the end of the year Reuters correspondent Glenn Somerville says Geithner may also tell Wall Street don't be afraid of dot frank. He's going to say to them please let's. Lower the resistance that you're putting up against these rules. And recognize that there are put in place not to harass you but to preserve the stability of the financial system for the future. And finally your day ahead digit is 40892. Dashboard to four. That's the prison number -- former Illinois governor Rod Blagojevich who will start fourteen years of jail time. He was found guilty of corruption after being accused of trying to sell this senate seat vacated by president Barack Obama. He now becomes the fourth governor from the prairie state to be convicted of crimes since the 1960s. I'm Rhonda schaffler this is writers.

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